The World Bank has approved an additional $1.5 billion loan to support India's low-carbon energy development, with a focus on promoting green hydrogen and scaling up renewable energy penetration. This funding aims to help decouple economic growth from emissions growth by expanding renewable energy, especially in challenging industrial sectors. The loan will support the development of a robust market for green hydrogen, stimulate finance for low-carbon energy investments, and facilitate the production of green hydrogen and electrolyzers. Reforms backed by the World Bank are expected to lead to significant green hydrogen production and electrolyzer capacity, along with emissions reductions. The operation is part of the World Bank's efforts to boost private investment in green hydrogen and renewable energy, aligning with India's energy security objectives and the Bank's Hydrogen for Development Partnership. The loan includes funding from the International Bank for Reconstruction and Development and the International Development Association, emphasizing the importance of transitioning towards a more sustainable and low-carbon energy landscape in India.